Abstract
In comparative legal scholarship, particularly comparative corporate law, the major studies are directed towards comparing the current legal provisions, while legal developments of these provisions are sporadically investigated. Still where such an attempt has been made, the arguments therein are rarely substantiated with any descriptive analysis of statutory laws. This article explores the substantive legal provisions of jurisdictions of the US, England, France and Pakistan in neo-liberalism era i.e. post-1980s. After reviewing the studies regarding the developments of company laws in above-mentioned countries, it is concluded that three factors i.e. economic scholarship, political economy and globalization of finance, are the prime reasons for the developments of company law in this era. These factors are common irrespective of legal family the country under study belongs to.
Keyword(s)
Company Law, Comparative Law, corporate governance, directors’ duties, legal history